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5/26/2015 1:54PM

Charter-Time Warner Cable: Will FCC Give the Nod?

Charter Communications’s $78 billion offer for Time Warner Cable would give it 23 million total customers, and put TWC in cable mogul John Malone’s pocket. Here’s how Malone put the deal together. Photo: Getty

This transcript has been automatically generated and may not be 100% accurate.

... charter Communications has struck a fifty five billion dollar cash and stock deal for Time Warner Cable ... giving cable mogul John Malone the prize he's been chasing for years ... the offer is valued about a hundred ninety five dollars a share ... to fourteen percent premium to time Warner Cable's last closing price ... including debt ... the deal is valued at more than seventy eight billion dollars ... deal not only potentially elites quarter to join the ranks of the biggest U S broadband and pay TV companies ... but Time Warner Cable Long's Park ... the core of the deal charter also pick some bright House networks ... hitting each quarter twenty three million total customers ... second only to Comcast twenty seven million ... among cable operators ... the back of Time Warner Cable ... it's been a hot commodity for several years now Carter made multiple attempts to buy Time Warner Cable in twenty thirteen but was sidelined ... when Comcast enter the fray ... in the Iran for TWC ... one to terminate the deal for serious pushback from Washington ... so what did the trick from all on ... Wall Street Journal sources say he called time Warner Cable's CEO Rob markets ... and put the word out he won a friendly deal ... any clear ... he was in a puddle lowball number on the table ... the whole campaign ... regulators will still have to approve the proposed deal ... inch quarter could over time Warner Cable about two billion dollars ... if the deal falls through ... for his part FCC Chairman Tom Wheeler told both sides ... the agency is open to hearing all aspects of the proposed acquisition